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Author Topic: How do you decide when it's time to sell?  (Read 14206 times)
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September 14, 2017, 12:34:42 PM
 #241

For me because I'm not online all day and I have an offline work. What I do is set the price I want to sell. And I'm looking at it when I'm home tonight. There is also a win.

Good strategy, the only drawback is that you need to keep the money in the exchanges instead of the wallets...

It's a good strategy if you want to avoid the hard feeling of seeing the price when falling back. What I do to decide when the right time of selling is not depending on my need. If there's a need to buy something or sustain with financial then I have no choice but to sell some of my mBTC's but if there's not I don't sell and just wait for the movement of price.

If you're not up to it, the price movements that is, better to just keep it safe in your wallet and as much as possible, if you have a day job, avoid withdrawing and use your salary for your expenses. We're not gonna be sure whether bitcoin will shoot up or go down like now so selling would depend on how you assess your needs and expenses

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September 14, 2017, 06:33:17 PM
 #242

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?
You were the one who got into the market and bought all the coins yourself so you should make that decision on when to sell yourself. It’s a matter of choice and not about any economic indicator, if it suits you to sell then go by it.
Yes thats right it will always depends on you when to sell if you have target price and then if its reach on that price then sell it with no doubt. Some people selling it then if they saw that the price is still stable then they sell it they have doubts that why they sell it. No doubt in selling that is a must.
Rightly said, I think the best technique to decide the best time to sell is this that you make a graph yourself which indicates that how much profit you want to earn from single Bitcoin. When you see the price of Bitcoin going that much high that it matches the amount of your profit, simply sell it and enjoy the money you had in return.

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September 14, 2017, 10:16:44 PM
 #243

For me because I'm not online all day and I have an offline work. What I do is set the price I want to sell. And I'm looking at it when I'm home tonight. There is also a win.

Good strategy, the only drawback is that you need to keep the money in the exchanges instead of the wallets...

It's a good strategy if you want to avoid the hard feeling of seeing the price when falling back. What I do to decide when the right time of selling is not depending on my need. If there's a need to buy something or sustain with financial then I have no choice but to sell some of my mBTC's but if there's not I don't sell and just wait for the movement of price.

If you're not up to it, the price movements that is, better to just keep it safe in your wallet and as much as possible, if you have a day job, avoid withdrawing and use your salary for your expenses. We're not gonna be sure whether bitcoin will shoot up or go down like now so selling would depend on how you assess your needs and expenses

Also avoid try to monitor the price daily, this will make you sell your bitcoins at lower price now. If you decided and you really want to pursue yourself in selling your bitcoins make sure that it is not going to give you a regret when you see the price of it starts to increase because if you will have a regret, you can't recover it again at lower price.

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September 14, 2017, 11:02:44 PM
 #244

Buy, then wait until the price go up. Then sell. That is the easiest and the most simple way to sell, but it's effective. Some traders already know when they are going to buy and sell. Me ? I don't do trading because I think it's too risky everytime I make transactions. But there's a lot of people who succeed and have a lot of money because of trading. You need to understand the market and keep study. Because trading is one of the most popular way to get succeed in Bitcoin.  Wink

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September 15, 2017, 01:15:26 AM
 #245

Buy, then wait until the price go up. Then sell. That is the easiest and the most simple way to sell, but it's effective. Some traders already know when they are going to buy and sell. Me ? I don't do trading because I think it's too risky everytime I make transactions. But there's a lot of people who succeed and have a lot of money because of trading. You need to understand the market and keep study. Because trading is one of the most popular way to get succeed in Bitcoin.  Wink
everything not simple like that? What is best time to buy? That's important. If you buy so high so can make your money stuck for long time

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September 15, 2017, 03:09:30 AM
 #246

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

yes I do that, do the buying and selling orders and wait a while. I think it is a risk in trading, unless you are really ready to monitor the movement anytime.

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September 15, 2017, 06:36:25 AM
 #247

I think there are 2 moment for you to decide selling:
- Profit: If you already make a number profit so i think you should stop before the price is falling down cause you're earning enough as you expect.
- Main investment : When you're just buying a coin and 5 minutes later they down for 5% , please immediately sell it to make sure that you can keep the basic investment to trading. (cause that moment, price isn't at the bottom).
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September 16, 2017, 07:20:45 AM
 #248

Just set the limit to sell $150 higher, and buy when the price go down about $100. It will work if we forget our emotional.
You should always set a target in order to have a clear mind about when to sell or buy. It is advisable to sell of your coins when you have reached your value than waiting for more profit because often it leads to loss since we all know greed is an evil thing, so better avoid it.

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September 16, 2017, 08:12:33 AM
 #249

For me because I'm not online all day and I have an offline work. What I do is set the price I want to sell. And I'm looking at it when I'm home tonight. There is also a win.

Good strategy, the only drawback is that you need to keep the money in the exchanges instead of the wallets...

it is always feels good that when you come back to check the exchange account the orders are all filled. you don't need to worry about the ups and downs by placing these orders

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September 16, 2017, 08:48:30 AM
 #250

For me because I'm not online all day and I have an offline work. What I do is set the price I want to sell. And I'm looking at it when I'm home tonight. There is also a win.

Good strategy, the only drawback is that you need to keep the money in the exchanges instead of the wallets...

it is always feels good that when you come back to check the exchange account the orders are all filled. you don't need to worry about the ups and downs by placing these orders

Bitcoin value changes day by day and it's the most important in the selling you will check the value you know the price and it will easy to sell it and you will get the profit for the bitcoin. Bitcoin is the profitability for the future purpose and you will gain for the bitcoin.

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September 16, 2017, 09:09:35 AM
 #251

For me because I'm not online all day and I have an offline work. What I do is set the price I want to sell. And I'm looking at it when I'm home tonight. There is also a win.

Good strategy, the only drawback is that you need to keep the money in the exchanges instead of the wallets...

It's a good strategy if you want to avoid the hard feeling of seeing the price when falling back. What I do to decide when the right time of selling is not depending on my need. If there's a need to buy something or sustain with financial then I have no choice but to sell some of my mBTC's but if there's not I don't sell and just wait for the movement of price.

If you're not up to it, the price movements that is, better to just keep it safe in your wallet and as much as possible, if you have a day job, avoid withdrawing and use your salary for your expenses. We're not gonna be sure whether bitcoin will shoot up or go down like now so selling would depend on how you assess your needs and expenses

Also avoid try to monitor the price daily, this will make you sell your bitcoins at lower price now. If you decided and you really want to pursue yourself in selling your bitcoins make sure that it is not going to give you a regret when you see the price of it starts to increase because if you will have a regret, you can't recover it again at lower price.
That's right, honestly check the price of crypto you are trading just make you feel more boring and hurry.
So, I usually spend that time for work or find something to relax, because it will help me feel awake and good idea in job.
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September 16, 2017, 09:20:33 AM
 #252

For me because I'm not online all day and I have an offline work. What I do is set the price I want to sell. And I'm looking at it when I'm home tonight. There is also a win.

Good strategy, the only drawback is that you need to keep the money in the exchanges instead of the wallets...

It's a good strategy if you want to avoid the hard feeling of seeing the price when falling back. What I do to decide when the right time of selling is not depending on my need. If there's a need to buy something or sustain with financial then I have no choice but to sell some of my mBTC's but if there's not I don't sell and just wait for the movement of price.

If you're not up to it, the price movements that is, better to just keep it safe in your wallet and as much as possible, if you have a day job, avoid withdrawing and use your salary for your expenses. We're not gonna be sure whether bitcoin will shoot up or go down like now so selling would depend on how you assess your needs and expenses

Also avoid try to monitor the price daily, this will make you sell your bitcoins at lower price now. If you decided and you really want to pursue yourself in selling your bitcoins make sure that it is not going to give you a regret when you see the price of it starts to increase because if you will have a regret, you can't recover it again at lower price.
That's right, honestly check the price of crypto you are trading just make you feel more boring and hurry.
So, I usually spend that time for work or find something to relax, because it will help me feel awake and good idea in job.

When the price goes down, it's hard to feel cheerful. Some of it plunged into panic. In order not to make mistakes at this time, I advise you to stop trading a few days

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September 16, 2017, 09:28:51 AM
 #253

when the price is above 80 in 4hr rsi indicator and touching the top bollinger band and now it's starting to reverse


    
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September 16, 2017, 11:04:19 AM
 #254

I use Bollinger bands in daily chart. I buy at lower band in dailies and sell at upper band, its not always easy to follow and monitor but it works most times

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September 16, 2017, 11:21:47 AM
 #255

I always use technical analysis in daily chart like use RSI to know when the price overbought, when price overbought then sell it .this way indeed not work all the time but mostly. And most important think dont be greedy, just sell when the price overbought then buy other coin in oversold. This method will minimize the risk during trading.

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September 16, 2017, 11:38:16 AM
 #256

I always research before selling because my aim is to make always profit for at least 30 to 40% on the investment I made otherwise I will hold until I make the profit on it. This is my minimum target for selling the coins in the market.

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September 16, 2017, 11:43:21 AM
 #257

I do decide when the price of bitcoins that are in my possession hit my target % that will be the time that i will decide to sell but if it did not hit my target percentage i would still hold and wait.

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September 16, 2017, 11:44:23 AM
 #258

That's pretty aweosome because if you are going to sell time then it is an amazing time to sell my coins. When i know that it is time that worth of coin increase then at that time i decide and go for sell.
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September 16, 2017, 12:26:26 PM
 #259

I decide that it is time to sell when I get a 100% profit from the capital I've placed on that certain coin. But sometimes when I get to that amount I usually back out and think I'll just sell them out when they reach a 100% more of the capital I've placed on trading. And ends up not selling them in the long run.

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You Can See Me Now, Hi :}
VARANIDA

 
 
 
 
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geegaw
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September 16, 2017, 12:52:01 PM
 #260

I always research before selling because my aim is to make always profit for at least 30 to 40% on the investment I made otherwise I will hold until I make the profit on it. This is my minimum target for selling the coins in the market.
Well, it is important that the coin you choose to invest, if it is truly potential, profits from 30% to 40% will probably come true, but vice versa if it is not potential, the best is that we should sell it as soon as possible when we have a profit, so we need to research carefully before investing. And I think the time to sell has been decided since we invested, we have relied on a lot of factors to determine the goals we want to achieve, if the goal is achieved, we will sell and vice versa

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